Tesla reveals its long-awaited more affordable models: the $36,990 Model 3 Standard and $39,990 Model Y Standard

On Tuesday, the EV giant unveiled the long-awaited budget-friendly version of the Model Y, along with a cheaper Model 3.

Tesla's More Affordable Model Y Arrives Today. Here's What We Expect (Updated)

Tesla's affordable Model Y is expected today, Xiaomi sets sights on luxury brands and Tesla could lose insurance arm in California.

Tesla offers a new Model Y version in the U.S. priced below $40K; Model 3 falls below $37K

In addition, Tesla ( NASDAQ: TSLA) unveiled a new price for its standard rear-wheel drive Model 3 of $36,990. While Tesla ( TSLA) topped expectations with its Q3 deliveries report, analysts do not expect that tally to be matched in the next couple of quarters due to the pull-forward of electric vehicle demand to capture the EV tax credit.

Tesla’s Bargain-Bin Model Y To Be Revealed October 7

The so-called Model Y Standard has leaked online, offering fewer features and luxuries along with a reported $5K savings over the current base version
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